• bitcoinBitcoin (BTC) $ 106,654.00
  • ethereumEthereum (ETH) $ 2,614.16
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.25
  • bnbBNB (BNB) $ 655.33
  • solanaSolana (SOL) $ 155.49
  • usd-coinUSDC (USDC) $ 0.999809
  • tronTRON (TRX) $ 0.280901
  • dogecoinDogecoin (DOGE) $ 0.176843
  • staked-etherLido Staked Ether (STETH) $ 2,614.71
  • cardanoCardano (ADA) $ 0.644275
  • hyperliquidHyperliquid (HYPE) $ 44.55
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 106,618.00
  • wrapped-stethWrapped stETH (WSTETH) $ 3,150.07
  • suiSui (SUI) $ 3.10
  • bitcoin-cashBitcoin Cash (BCH) $ 465.58
  • chainlinkChainlink (LINK) $ 13.68
  • leo-tokenLEO Token (LEO) $ 9.25
  • avalanche-2Avalanche (AVAX) $ 19.54
  • stellarStellar (XLM) $ 0.263607
  • whitebitWhiteBIT Coin (WBT) $ 51.46
  • the-open-networkToncoin (TON) $ 2.99
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • usdsUSDS (USDS) $ 0.999852
  • wethWETH (WETH) $ 2,615.24
  • wrapped-eethWrapped eETH (WEETH) $ 2,798.39
  • hedera-hashgraphHedera (HBAR) $ 0.160335
  • litecoinLitecoin (LTC) $ 87.57
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • polkadotPolkadot (DOT) $ 3.91
  • moneroMonero (XMR) $ 320.12
  • ethena-usdeEthena USDe (USDE) $ 0.999775
  • bitget-tokenBitget Token (BGB) $ 4.57
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 106,605.00
  • pepePepe (PEPE) $ 0.000011
  • uniswapUniswap (UNI) $ 7.83
  • pi-networkPi Network (PI) $ 0.597574
  • aaveAave (AAVE) $ 288.77
  • daiDai (DAI) $ 0.999552
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • bittensorBittensor (TAO) $ 382.06
  • okbOKB (OKB) $ 51.70
  • internet-computerInternet Computer (ICP) $ 5.64
  • aptosAptos (APT) $ 4.67
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • nearNEAR Protocol (NEAR) $ 2.33
  • crypto-com-chainCronos (CRO) $ 0.092424
  • jito-staked-solJito Staked SOL (JITOSOL) $ 188.20
  • ethereum-classicEthereum Classic (ETC) $ 17.11
  • ondo-financeOndo (ONDO) $ 0.821803
  • tokenize-xchangeTokenize Xchange (TKX) $ 32.02
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • mantleMantle (MNT) $ 0.625877
  • kaspaKaspa (KAS) $ 0.079886
  • official-trumpOfficial Trump (TRUMP) $ 10.08
  • gatechain-tokenGate (GT) $ 16.42
  • skySky (SKY) $ 0.092623
  • vechainVeChain (VET) $ 0.022729
  • cosmosCosmos Hub (ATOM) $ 4.25
  • fasttokenFasttoken (FTN) $ 4.43
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.726725
  • ethenaEthena (ENA) $ 0.308699
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 106,640.00
  • render-tokenRender (RENDER) $ 3.56
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.203368
  • filecoinFilecoin (FIL) $ 2.53
  • arbitrumArbitrum (ARB) $ 0.336289
  • worldcoin-wldWorldcoin (WLD) $ 1.01
  • quant-networkQuant (QNT) $ 109.77
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,614.18
  • algorandAlgorand (ALGO) $ 0.181583
  • usdt0USDT0 (USDT0) $ 1.00
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.50
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998372
  • spx6900SPX6900 (SPX) $ 1.59
  • usdtbUSDtb (USDTB) $ 0.999786
  • kucoin-sharesKuCoin (KCS) $ 11.16
  • binance-staked-solBinance Staked SOL (BNSOL) $ 164.09
  • jupiter-exchange-solanaJupiter (JUP) $ 0.434606
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.92
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,975.52
  • fartcoinFartcoin (FARTCOIN) $ 1.24
  • flare-networksFlare (FLR) $ 0.018194
  • nexoNEXO (NEXO) $ 1.22
  • celestiaCelestia (TIA) $ 1.80
  • bonkBonk (BONK) $ 0.000016
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,739.52
  • injective-protocolInjective (INJ) $ 11.90
  • sonic-3Sonic (S) $ 0.346968
  • story-2Story (IP) $ 3.60
  • optimismOptimism (OP) $ 0.604523
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • sei-networkSei (SEI) $ 0.181954
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999442
  • blockstackStacks (STX) $ 0.649467
  • newton-projectAB (AB) $ 0.015445
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,795.48
  • paypal-usdPayPal USD (PYUSD) $ 0.999846
  • xdce-crowd-saleXDC Network (XDC) $ 0.059521
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,742.83
  • kaiaKaia (KAIA) $ 0.158922
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 106,616.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,751.72
  • dogwifcoindogwifhat (WIF) $ 0.883180
  • wbnbWrapped BNB (WBNB) $ 655.11
  • immutable-xImmutable (IMX) $ 0.471438
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 106,519.00
  • the-graphThe Graph (GRT) $ 0.089540
  • curve-dao-tokenCurve DAO (CRV) $ 0.623956
  • vaultaVaulta (A) $ 0.537286
  • tether-goldTether Gold (XAUT) $ 3,412.85
  • pax-goldPAX Gold (PAXG) $ 3,438.35
  • clbtcclBTC (CLBTC) $ 106,933.00
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 173.78
  • flokiFLOKI (FLOKI) $ 0.000080
  • msolMarinade Staked SOL (MSOL) $ 202.32
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.37
  • lido-daoLido DAO (LDO) $ 0.845298
  • jito-governance-tokenJito (JTO) $ 2.24
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,825.08
  • zcashZcash (ZEC) $ 45.06
  • theta-tokenTheta Network (THETA) $ 0.722906
  • ousgOUSG (OUSG) $ 111.43
  • ethereum-name-serviceEthereum Name Service (ENS) $ 21.08
  • galaGALA (GALA) $ 0.015538
  • bittorrentBitTorrent (BTT) $ 0.00000068
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999314
  • iotaIOTA (IOTA) $ 0.174161
  • the-sandboxThe Sandbox (SAND) $ 0.271687
  • aerodrome-financeAerodrome Finance (AERO) $ 0.788029
  • jasmycoinJasmyCoin (JASMY) $ 0.013510
  • wrapped-hypeWrapped HYPE (WHYPE) $ 44.52
  • walrus-2Walrus (WAL) $ 0.481378
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.010116
  • pyth-networkPyth Network (PYTH) $ 0.109844
  • pendlePendle (PENDLE) $ 3.87
  • bitcoin-svBitcoin SV (BSV) $ 31.49
  • usual-usdUsual USD (USD0) $ 0.997604
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 106,538.00
  • tezosTezos (XTZ) $ 0.572957
  • coredaoorgCore (CORE) $ 0.594700
  • raydiumRaydium (RAY) $ 2.21
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • syrupMaple Finance (SYRUP) $ 0.538339
  • super-oethSuper OETH (SUPEROETH) $ 2,615.57
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,615.11
  • flowFlow (FLOW) $ 0.358662
  • falcon-financeFalcon USD (USDF) $ 0.999191
  • tbtctBTC (TBTC) $ 106,261.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,740.03
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,795.81
  • thorchainTHORChain (RUNE) $ 1.55
  • saros-financeSaros (SAROS) $ 0.207325
  • apecoinApeCoin (APE) $ 0.672916
  • staked-hypeStaked HYPE (STHYPE) $ 44.48
  • decentralandDecentraland (MANA) $ 0.270560
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 106,657.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,617.40
  • dexeDeXe (DEXE) $ 8.87
  • true-usdTrueUSD (TUSD) $ 0.996058
  • compound-governance-tokenCompound (COMP) $ 54.12
  • based-brettBrett (BRETT) $ 0.048120
  • grassGrass (GRASS) $ 1.63
  • kavaKava (KAVA) $ 0.430801
  • heliumHelium (HNT) $ 2.50
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.176514
  • chain-2Onyxcoin (XCN) $ 0.013363
  • morphoMorpho (MORPHO) $ 1.47
  • beldexBeldex (BDX) $ 0.061064
  • usddUSDD (USDD) $ 1.00
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999812
  • apenftAPENFT (NFT) $ 0.00000043
  • dydx-chaindYdX (DYDX) $ 0.530944
  • starknetStarknet (STRK) $ 0.124233
  • keetaKeeta (KTA) $ 1.02
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 37.69
  • neoNEO (NEO) $ 5.81
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • elrond-erd-2MultiversX (EGLD) $ 14.43
  • axelarAxelar (AXL) $ 0.413246
  • aioz-networkAIOZ Network (AIOZ) $ 0.344610
  • ketKet (KET) $ 0.407049
  • ripple-usdRipple USD (RLUSD) $ 0.999852
  • usdbUSDB (USDB) $ 0.993745
  • eigenlayerEigenlayer (EIGEN) $ 1.31
  • stader-ethxStader ETHx (ETHX) $ 2,775.41
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006819
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,612.22
  • ecasheCash (XEC) $ 0.000020
  • arweaveArweave (AR) $ 6.00
  • aethirAethir (ATH) $ 0.039510
  • conflux-tokenConflux (CFX) $ 0.076818
  • zebec-networkZebec Network (ZBCN) $ 0.004852
  • eosEOS (EOS) $ 0.534634
  • axie-infinityAxie Infinity (AXS) $ 2.39
  • mog-coinMog Coin (MOG) $ 0.00000099
  • telcoinTelcoin (TEL) $ 0.004152
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00

Peter Schiff’s Call for Traditional Economics Clashes with US Bitcoin Reserve Policy

0 11

Peter Schiff’s Call for Traditional Economics Clashes with US Bitcoin Reserve Policy

The U.S. economy added 139,000 jobs in May, a figure that beat market expectations but drew sharp criticism from economist Peter Schiff, who warned the growth is occurring in the wrong sectors. As Schiff advocates for a return to traditional economic principles, his views now stand in stark contrast to a new government strategy that embraces Bitcoin as a national strategic asset.

Schiff pointed to Bureau of Labor Statistics data showing that job gains were concentrated in non-productive sectors, with healthcare adding 62,000 jobs and hospitality adding 48,000. Meanwhile, the domestic manufacturing sector shed 8,000 jobs, its largest decline this year.

Related: Elon Musk Warns U.S. Debt Interest Imperils Spending; Bitcoin Solutions Proposed

Peter Schiff’s Call for Traditional Economics Clashes with US Bitcoin Reserve Policy

Schiff argues this dynamic, where service-sector workers spend their wages on goods the nation no longer produces, fuels inflation, worsens trade deficits, and weakens the economy.

Schiff’s Prescription vs. a New Digital Strategy

Replying to Coin Edition, Schiff prescribed a course of higher interest rates, deregulation, and cuts in government spending. He contends these measures are necessary to curb consumption, incentivize savings, and drive capital investment back into America’s goods-producing industries.

Are you suggesting this trend will fuel more inflation? And in your view, what corrective steps should be taken to address the imbalance between productive and non-productive job growth?

— Coin Edition: Your Crypto News Edge ️ (@CoinEdition) June 6, 2025

To Coin Edition’s query on the role of Bitcoin in U.S. financial policy, Schiff pointed out that the timing aligns with wider discussions on the use of digital assets in national reserves. The debate over Bitcoin’s function as a hedge against inflation and its comparison to gold continues to draw attention within financial and political spheres.

Appreciate the deeper analysis, Peter Schiff.

What’s your view on the idea of the U.S. holding Bitcoin in reserves? Could it play any role in addressing inflation long-term?

— Coin Edition: Your Crypto News Edge ️ (@CoinEdition) June 6, 2025

What You Need to Know About America’s Bitcoin Reserve Plan

On March 6, 2025, President Donald Trump signed an executive order establishing a U.S. Strategic Bitcoin Reserve under the newly enacted Bitcoin Act of 2025. Over a period of five years, the reserve aims to acquire up to 1 million Bitcoin and will hold them for at least the next two decades. The initiative wants to establish Bitcoin as a strategic financial hedge and long-term store of value.

Related: Bitcoin Rally Faces Headwinds as Matrixport Report Points to Weakening U.S. Economy

The reserve’s funding will come from a combination of forfeited digital assets, surpluses from the Federal Reserve, and revised gold certificates. The Department of the Treasury will manage this effort, which will use blockchain verification along with offline security measures. Some states, including New Hampshire, Arizona, and Texas, have enacted laws to create their own strategic Bitcoin reserves. In contrast, eight other states, such as Florida and Wyoming, have dismissed similar proposals due to worries about volatility.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source

Leave A Reply

Your email address will not be published.